Carlyle Group, KKR Eyeing Optus Satellite

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Mani
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KKR & Co. L.P. (NYSE:KKR) and Carlyle Group LP (NASDAQ:CG) are among companies lining up bids for Optus Satellite, reports Reuters. Optus Satellite is the Australian arm of Singapore Telecommunications (SingTel) and occupies the second position behind former monopoly Telstra. SingTel Valuing Optus SingTel is reportedly valuing the Optus at over $2 billion. The other potential bidders include Eutelsat Communications SA (EPA:ETL) from France, The Blackstone Group L.P. (NYSE:BX) and Providence Equity Partners. SingTel has sent out financial information to interested bidders on Monday, with the first deadline for bids set for June 14, according to Reuters. Optus Satellite provides telecommunications services…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports